Lee will start his new job in late December, working from the buyout firm’s offices in Washington, DC and New York. He will assist co-CEO and CIO William Conway in investing and managing $58bn across 11 buyout funds.
Carlyle said Lee will be a member of each of the fund’s investment committee and join its management and operating committees.
Lee joined Warburg in 1992 and most recently led its consumer, industrial and services group. He led numerous deals including investments in Neiman Marcus, Aramark, Transdigm, Polypore and Arch Capital Group.
Conway said, “Carlyle’s greatest strength is the depth, continuity and collegiality of our global investment professionals.
“Kew will be a great addition to this team and will play a critical role in helping us ensure the platform we have created continues to make superb investments and create value for our investors.”
Carlyle has recently raised the hard cap of its flagship buyout fund by $500m to $12.5bn after receiving strong demand from LPs.
Carlyle Partners VI has raised at least $11.1bn, exceeding its initial $10bn target and expects to hold a final close this month, the Wall Street Journal reported.
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